UAE Exchange Partners BRAC Bank in Bangladesh For FLASHremit

Bangladeshi expats can now send money to their dear ones’ bank accounts in Bangladesh in real time using FLASHremit, from UAE Exchange. Both sender and receiver get an SMS each, the moment account is credited.

Abu Dhabi (I-Newswire) January 24, 2013 - Citizens of Bangladesh, settled outside the country, can now send money to bank account in Bangladesh, real time. The path-breaking instant account credit service ‘FLASHremit’, designed by the leading global remittance & foreign exchange brand, UAE Exchange, has been introduced in Bangladesh as well, in partnership with BRAC Bank, one of the most technologically advanced banks. This new value addition from UAE Exchange takes bank transfers to the next level.

Speaking on the occasion, Mr. Promoth Manghat, Vice President – Global Operations UAE Exchange, said, “UAE Exchange has always had a special place for the Bangladeshi community. We have brought a wide range of services for the convenience of this patriotic community. We shared their aspirations and have been their trusted money transfer partner since 1980. Our new offering, FLASHremit, only goes to show how much we think for our customers. Sharing our vision for Bangladeshis is BRAC Bank, our valued partner, with whom we share a very long and strong relationship. Our coming together for FLASHremit is yet another step towards strengthening this partnership, while bringing value to customers.”

Mr. Md. Shaheen Iqbal, Head of Treasury & FI and Probashi Banking of BRAC Bank Limited said, “We are happy to join hands with UAE Exchange yet again for FLASHremit. The fact that the beneficiaries of the remittance can now receive money instantly, in their bank accounts, is a great value addition. UAE Exchange and BRAC Bank bring the same rich values, which make life easier for the customers, bringing them peace of mind. I am sure the new dimension to our long relationship will add value to our customers.”

Currently FLASHremit serves expatriates from India, Philippines, Indonesia, Sri Lanka, Pakistan and Nepal through partnerships with major banks in these countries. Now Bangladesh too has joined the ever-growing list.

The event announcing the launch was attended by senior officials of UAE Exchange, BRAC Bank, special invitees and the Media.